Select View | Tables and Save Fields as a New Table, Figure 14, to save your risk register table formatting. And are a drag on project completion.Īfter creation of your risk register you most likely want to leverage your risk table for other project schedules. It is usually the small neglected items that become an issue during the quality assurance inspection. We will want to thoroughly test the piping and make certain the work site is clean before final inspection. We will want to make sure the planner consults the pipe fitter and confirms the adapter model before ordering.įinally, the quality assurance inspection is always a potential risk. Also, the delivered adapters may not match the piping, a medium risk, because the likelihood is low. We may want to arrange and pay for quick delivery of the adapters to mitigate this risk.

Our risk register warns that a procurement delay is a high level risk and may have a possible significant negative impact on the schedule. The final schedule, including identified and categorized risks is displayed, again, in Figure 13. If there is no risk, leave the risk field blank and set both the probability and impact to 1. Figure 13Īnd add the potential risks to the risk register table. Figure 12Īdd the five text fields to the activity table, Figure 13. Then insert the three indicators displayed in Figure 12. After inserting the formula select graphical indicators, Figure 11. This formula identifies a risk level as very high, medium, or very low. Select the formula custom attributes, Figure 9. In the custom fields dialog, rename Text5, Risk Warning Indicator. We have one more field to define, a Risk Warning Indicator, text field. Figure 8 displays the final Risk Level equation. Figure 7Ĭontinue and add a multiplier and impact field. In the formula dialog, Figure 7, insert the probability field. Add a Risk Level field and select the formula custom attribute, Figure 6. Figure 5ĭo the same for an Impact text field. Figure 4Īdd menu values 1 to 5, Very Low to Very High, Figure 5. Figure 3Īdd another text field named Probability and select the lookup custom attributes, Figure 4. In the custom fields dialog highlight Text1 and rename it, Risk, Figure 3. To begin the process of generating a risk register table select Project | Custom Fields, Figure 2. The risk register supports the spotting and evaluation of project risk events.Ĭreating a risk register table is all about custom fields. Project managers need a way to identify and analyze these potential risk events. Some risk events that may occur on this project include procurement delays for the order and delivery of adapters, the delivered adapters may be sized wrong and not fit properly, and the quality assurance inspection may have a long list of checklist items to correct before acceptance.

This is a small Pipe Inspection & Repair project. We have in Figure 1 our demonstration project. This article demonstrates the steps required to create a risk register table in Microsoft Project. In this way project managers can quickly identify and rate risks related to activity efforts. In Microsoft Project it is possible to create a risk register table that maps potential risk events to activities, along with their probability and impact. Well, project managers need a way for identifying and categorizing risk events for appropriate action. Duration estimates may have been overly optimistic. It makes sense that proficient project managers consider what potentially could go wrong. Project Managers have one go or opportunity to get everything right on a project. And it’s the unique nature of projects that make them particularly risky ventures. Microsoft Project does not have a risk event register feature, but with a little effort you can create a risk register in Microsoft Project.

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